The Traderszone Network

Caixin services and composite PMIs for February
– Services activity lower in the month
– But still in expansion (for services) … though Caixin says it weak and below longer term average

China’s services industry — the biggest contributor to GDP — expanded in February but the pace of growth slowed, according to a survey.

Bank of Japan Deputy Governor Hiroshi Nakaso. Speaking at a meeting with business leaders in Okinawa.
There will be a news conference later also
Headlines via Reuters 

 CSI300 index to open flat
(CSI300 is a spin off from CSI Miami, CSI Las Vegas, & CSI Upper Kumbukta West)

British workers will have to work until they are 81 if they want to build up savings that guarantee their parents’ standard of retirement, according to a new study by pension provider Royal London. Without significantly higher levels of engagement in pensions, the report concludes rather ominously, “we may be witnessing the death of retirement.”

As AP reports,

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Yesterday’s reference rate was set at 6.5490
A lower USD/CNY setting, i.e. slightly stronger for the yuan

Tuesday and Wednesday we got no OMO
Back on Monday we got an RRR cut:
reserve requirement ratio cut by 0.5%
Today its 40bn yuan injection via 7-day reverse repos